Ex-Obama Adviser Spots Exactly How Trump Caught A Big Break With Tariff Decision
HuffPost
David Axelrod explained why a federal court striking down Trump's sweeping tariffs plan may not be a "black eye" for his administration.
David Axelrod, ex-senior adviser to former President Barack Obama, on Wednesday said a federal trade court blocking President Donald Trump from imposing his sweeping tariffs may create “a lot of havoc” in the short run but the ruling may “save him from himself” in the long run.
“These tariffs are bad economic policy and these tariffs could raise costs on Americans,” Axelrod told CNN’s Anderson Cooper before noting that some costs are already starting to rise as a result of the president’s trade policy.
“So if the result of it is he’s stymied in doing something that’s going to raise costs for people, it may be a black eye but it may also be a break for him.”
Axelrod’s comments arrived hours after a three-judge panel ruled that Trump isn’t authorized under an emergency-powers law to impose his sweeping taxes on imports, marking a blow to his “Liberation Day” rollout that upset global financial markets and sparked trade wars including one with China.
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